E3 2011: Sony expects Vita to outsell PSP

Sony Corp. has said it expects PlayStation Vita to turn a profit in under three years, and aims to eclipse PSP’s 70 million life-to-date milestone.

Speaking to Reuters, Kazuo Hirai, president and group CEO of Sony Computer Entertainment Inc. (SCEI), commented, "If we were able to hit that 70 million mark for PlayStation Portable, we want to exceed that both in terms of numbers and timing to get to that number."

"I think it's definitely possible, although I don't model that right now, given the bigger emphasis on connectivity," he said. "All things considered, the handheld market has more exposure to the increasing popularity of smartphone-based gaming."